Yass ValleyEconomic profile
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Yass Valley

Shift-share analysis

In Yass Valley, the strongest regional competitive effect between 2010/11 and 2015/16 was experienced in Agriculture, Forestry and Fishing.

Shift Share Analysis provides a useful mechanism for better interpreting changes in economic variables between different time periods. It is a way of breaking the growth or decline in an industry into three components to help understand what is driving the change. These three change components are commonly known as:

National/State growth effect - the amount of growth or decline in an industry that could be attributed to the overall growth of a larger area that encompasses the region's economy, usually state or national.

Industry mix effect - the amount of growth or decline in an industry that could be attributed to the performance of the specific industry at the national/state level.

Regional competitive effect - the amount of growth or decline in a specific industry that could be attributed to a local advantage or disadvantage. This is generally the most interesting component as it clearly quantifies the level of advantage or disadvantage an industry has in the local area.

The regional competitive effect for an industry generally indicates how the local industry performed against benchmark trends. An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. For example, if Retail Trade in a region grew by 3% but at a state/national level it only grew by 2%, some regional specific factors (e.g. new shopping centre, population growth) must have contributed to this above trend growth. A negative effect suggests the opposite.

An industry with a positive regional competitive effect may still have experienced decline, but by less than the state/national trends.

National Economics (NIEIR) - Modelled series

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Shift-share analysis to Australian Capital Territory
Yass Valley - Employment (Total)2015/162010/112010/11 to 2015/16
Industry
(Click rows to view sub-categories)
NumberNumberChangeBenchmark growth effectIndustry mix effectRegional competitive effect
Agriculture, Forestry and Fishing1,100750+351+18.0-63.0+395.5
Mining2116+5+0.4-2.2+6.4
Manufacturing169174-5+4.2-39.6+30.1
Electricity, Gas, Water and Waste Services111120-9+2.9-1.8-10.0
Construction524565-41+13.6+7.7-62.6
Wholesale Trade9690+6+2.2-1.9+5.2
Retail Trade438455-17+10.9-2.6-25.4
Accommodation and Food Services565546+19+13.1+10.6-4.6
Transport, Postal and Warehousing125129-4+3.1-1.6-5.1
Information Media and Telecommunications2522+3+0.5-0.4+3.2
Financial and Insurance Services4139+3+0.9-0.8+2.5
Rental, Hiring and Real Estate Services4241+2+1.0-0.2+0.9
Professional, Scientific and Technical Services270232+37+5.6+1.6+29.9
Administrative and Support Services125101+24+2.4+0.2+21.3
Public Administration and Safety262226+36+5.4+1.6+29.3
Education and Training356329+27+7.9+2.0+17.1
Health Care and Social Assistance397409-12+9.8+4.4-26.0
Arts and Recreation Services5044+7+1.1+0.1+5.8
Other Services137130+7+3.1+0.1+3.4

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2015-16 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Regional competitive effect by industry sector 2010/11 to 2015/16
Regional competitive effect by industry sector 2010/11 to 2015/16 Net change in Agriculture, Forestry and Fishing, Yass Valley relative to Australian Capital Territory: 395.5 Net change in Mining, Yass Valley relative to Australian Capital Territory: 6.4 Net change in Manufacturing, Yass Valley relative to Australian Capital Territory: 30.1 Net change in Electricity, Gas, Water and Waste Services, Yass Valley relative to Australian Capital Territory: -10.0 Net change in Construction, Yass Valley relative to Australian Capital Territory: -62.6 Net change in Wholesale Trade, Yass Valley relative to Australian Capital Territory: 5.2 Net change in Retail Trade, Yass Valley relative to Australian Capital Territory: -25.4 Net change in Accommodation and Food Services, Yass Valley relative to Australian Capital Territory: -4.6 Net change in Transport, Postal and Warehousing, Yass Valley relative to Australian Capital Territory: -5.1 Net change in Information Media and Telecommunications, Yass Valley relative to Australian Capital Territory: 3.2 Net change in Financial and Insurance Services, Yass Valley relative to Australian Capital Territory: 2.5 Net change in Rental, Hiring and Real Estate Services, Yass Valley relative to Australian Capital Territory: 0.9 Net change in Professional, Scientific and Technical Services, Yass Valley relative to Australian Capital Territory: 29.9 Net change in Administrative and Support Services, Yass Valley relative to Australian Capital Territory: 21.3 Net change in Public Administration and Safety, Yass Valley relative to Australian Capital Territory: 29.3 Net change in Education and Training, Yass Valley relative to Australian Capital Territory: 17.1 Net change in Health Care and Social Assistance, Yass Valley relative to Australian Capital Territory: -26.0 Net change in Arts and Recreation Services, Yass Valley relative to Australian Capital Territory: 5.8 Net change in Other Services, Yass Valley relative to Australian Capital Territory: 3.4
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

Dominant groups

An industry with a positive regional competitive effect suggests local characteristics supported above trend growth in that period. A negative effect suggests local characteristics inhibited growth in that period.

An analysis of employment (Total) change between 2010/11 and 2015/16 in Yass Valley in 2014/15 shows the three industries with the highest regional competitive effect in Yass Valley relative to Australian Capital Territory were:

  • Agriculture, Forestry and Fishing (+395.5)
  • Manufacturing (+30.1)
  • Professional, Scientific and Technical Services (+29.9)

The three industries with the lowest regional competitive effect were:

  • Construction (-62.6)
  • Health Care and Social Assistance (-26.0)
  • Retail Trade (-25.4)

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